Capital allocation in the Greek regions

The present study analyses the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries

Capital allocation in the Greek regions

The present study analyzes the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries

Capital allocation in the Greek regions

The present study analyzes the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries

Capital allocation in the Greek regions

The present study analyses the location of new economic activities in the 51 Greek prefectures (NUTS III level) as the outcome of agglomeration economies and other factors that are acknowledged as determinants of new firm location. Cross-section data referring to the location choices of firms in manufacturing, commerce, services and tourism within 2005 are used. Results indicate that agglomeration effects largely determine a region’s attractiveness and appropriateness as an investment location. In addition, the effect of other factors such as demand, expected profit and cost conditions is identified as important. Interestingly, regional characteristics seem to affect in different ways the location of start-ups belonging to different industries.entrepreneurship, start-ups, location, agglomeration economies, regional development, data envelopment analysis, Greece

Export motivations and barriers: a case study of Greek firms exporting to four south-eastern European countries

Foreign market entry can play a very important role in a nation's economic prosperity. This study concentrates on the evaluation of specific characteristics of the export decision process and is focused on factors that stimulate firms to export or inhibit them from doing so. The analysis is accomplished by using a sample of 40 listed firms on the Athens Stock Exchange involved in making exports to four South-Eastern European (SEE) countries (the Balkans): Albania, Bulgaria, the Former Yugoslav Republic of Macedonia (FYROM) and Romania. The research is based on a questionnaire which has provided several insights into export motivations and barriers. It uses the principal component factor analysis technique in order to investigate common factors that might explain the underlying beliefs about the perceived variables.export barriers; export motivation; factor analysis; Greece; south-east Europe; Balkans; Greek exports; foreign market entry; Albania; Bulgaria; Former Yugoslav Republic of Macedonia; FYROM; Romania; principal component analysis; PCA.

Firm and household mobility in the presence of variations in regional characteristics

This paper examines the behavior of households and firms in the presence of variations in regional characteristics that affect their location decisions. It then determines relevant equilibrium conditions. Based on the implications of these equilibrium conditions, firm and household locations can be explained either by the dominance of firms or by the dominance of households. The results of this theory are applied to the case of 17 Arab countries.

The role of the expert knowledge broker in rural development: Renewable energy funding decisions in Greece

Within debates on rural development, Neo-Endogenous Development has emerged as the consensus ‘best-practice’ approach. Central to this approach is the role of the Expert Knowledge Broker – the conduit that brings local and ‘extra-local’ together. This paper contests that, despite a wealth of research on this paradigm and the knowledge flows that operate within, little research has been conducted regarding the decision-making process of the Expert Knowledge Broker. However, this is arguably decisive in which type of rural development is enacted. Using the allocation of funding for Renewable Energy projects in Greece as a critical context, this paper explores the decision-making approach of experts using Analytic Hierarchical Process analysis. We find that the type of rural development enacted is contingent upon the funding decision and the balance between local and extra-local funding decisions vary depending upon heterogeneous criteria. The paper contributes to knowledge through a nuanced explanation of the role of the Expert Knowledge Broker and suggests how EU Renewable Energy policy funding decisions can become more effective